Answer:
Option ( E ) is the right answer.
Step-by-step explanation:
According to the scenario, the most appropriate answer is option (E) because of the following reasons :
Purchasing a car means to buy a car so that the owner of the car is the purchaser. Leasing a car means to give a car to another person on lease for a fixed time duration in return of which he will pay you but the owner of the car is still purchaser.
Similarly purchasing a house is to own the house by making full payment of it but renting an apartment means to take home on rent by giving rent every month or at a fixed period but the owner of the house still remains the purchaser.
While the options are wrong because of the following reasons:
- Improving a house can be defined as to make a home more luxurious.
- Repairing a house can be defined as renovation work in the house.
- Buying of condominium tells the concept to buy another property.
- Joining a cooperative has no connection with buying a house.